Today's Stock Cash Tips; Nifty Opens Above 8250 on Expiry Day

Bharti, SBI, Dr Reddy's Labs, GAIL and BHEL are top gainers. For more information visit www.marketmagnify.com/stock-cash-tips.php & give a missed call @ 78-79-88-11-22.

    The Indian rupee opened higher by 13 paise at 67.55 per dollar versus 67.68 Wednesday.

  The Sensex is up 221.86 points or 0.8 percent at 26962.25, and the Nifty up 62.55 points or 0.8 percent at 8266.55. About 1318 shares have advanced, 310 shares declined, and 67 shares are unchanged. BHEL, Tata Motors, NTPC, Hero MotoCorp and HUL are top gainers. GAIL is down.

      The cane price payable and arrears have been calculated on the basis of Fair and Remunerative Price (FRP), which is the minimum price, fixed by the Centre, to be paid to farmers. For the 2015-16 marketing year, FRP for sugarcane has been fixed at Rs 230 per quintal.

     In order to address time lag in agri-data, there is a need to use modern technologies like remote sensing, he said, adding that such technologies are now being promoted in his ministry for collecting horticulture data.
     Expenditure on air transport is negligible in rural areas while air transport accounts for 2.53 percent of all transport expenditures in urban areas.

      Speaking to CNBC-TV18 Vinod Aggarwal of Eicher Motors said tippers are doing brisk business for the company. He added that as domestic consumption increases, thanks to the Seventh Pay Commission hikes, it will help the commercial vehicle (CV) sector.

      Morgan Stanley is overweight on Hindalco Industries with a target price of Rs 147. The brokerage house believes improved cash flows from higher aluminium price and volume growth should drive deleveraging for the company.

Sebi Directs Religare's Art Fund to Refund Investors Money

The market opened in green riding high on positive global markets. The Sensex is up 140.51 points or 0.5 percent at 26665.97, and the Nifty up 35.90 points or 0.4 percent at 8176.65. About 393 shares have advanced, 82 shares declined, and 28 shares are unchanged. For more Stock Cash Tips  give  a missed call 78-79-88-11-22.

      Dr Reddy's Labs, Tata Motors, HDFC, Maruti and Tata Steel are top gainers in the Sensex.

    The Indian rupee opened flat at 67.20 per dollar on Friday versus previous close of 67.21.

         Govt must replace expiring MIP with anti-dumping duty: Experts
     On February 5, the government imposed minimum import prices (MIP) on steel products for a period of six months in a bid to stop the deluge of cheap imports.

J&K wants protection of its special taxation powers under  GST Giving this information to the Assembly, Finance Minister Haseeb Drabu said the draft GST bill circulated by the Centre has not incorporated any safeguards to protect J&K's special taxation powers.

        Max Financial shares surge 11% on merger talks with HDFC Life

Max Financial Services shares rallied more than 11 percent and HDFC gained 2 percent intraday Friday after a media report indicated there are merger talks between companies for life insurance business.
          Sebi directs Religare's art fund to refund investors money

The Securities and Exchange Board of India (Sebi) also warned of further action, including barring Religare Arts Investment Management Ltd from securities markets if it fails to comply with the orders for winding up of all its collective investment scheme (CIS) activities and refund the money to investors with due returns.

            Govt imposes 20% duty; likely to make sugar exports unviable .

SBI Merger to Create Banking Powerhouse

The market has opened lower dragged by weak global cues. The Sensex is down 162.69 points or 0.6 percent at 26563.65, and the Nifty down 51.40 points or 0.6 percent at 8155.20. About 410 shares have advanced, 454 shares declined, and 30 shares are unchanged. For more market update visit www.marketmagnify.com/stock-cash-power.php & give Missed Call 78-79-88-11-22.

     

  Lupin, M&M and NTPC are top gainers while ICICI Bank, Maruti, HDFC, SBI, Tata Motors and Wipro are losers in the Sensex.

      In a definitive push for consolidation in the banking sector, the Union Cabinet on Wednesday gave a go-ahead to the merger of State Bank of India (SBI) with its five associate lenders and Bharatiya Mahila Bank.

          The rupee opened marginally higher at 67.12 per dollar on Thursday versus previous close of 67.15. Dollar added to losses after the Federal Reserve left interest rates unchanged, as was widely expected.

          The statement comes after Tamil Nadu Chief Minister and AIADMK chief Jayalalithaa met PM Narendra Modi and urged Centre to address the state's grievances over issues related to the implementation of GST. Jaya had said that the GST, in its proposed format, would affect the autonomy of the state government.

       A serious risk to global markets has emerged in the form of the British referendum slated for next week, says Arvind Sanger of New York-based Geosphere Capital.

      The US Federal Reserve yesterday left the funds rate unchanged at 0.25-0.50 percent and six of Fed officials see only one rate increase in 2016, up from 1 in March.